Family Income Benefit

Personal Insurance | Term Assurance | Family Income Benefit

Family Income Benefit

Family Income Benefit also known as family income protection is a form of term assurance, rather than paying out a fixed lump sum on death the cover pays a monthly income which continues until the term of the policy ends.

Family income benefit tends to be less expensive than a lump sum term assurance policy, such a policy can be particularly attractive to those who like to know they have a regular monthly income.

Health Insurance

Affordable Health Insurance

Life Insurance

Term Assurance

Term Insurance Quotes

› Family Income Benefit

Whole of Life Insurance

Income Protection

Income Protection Insurance

Mortgage Protection Insurance

Permanent Health Insurance

Critical Illness Cover

Critical Illness Policy

Family Income Factors »

	Provides financial protection in the event of death for a set time period.		Flexibility to alter plan at many of life’s milestones.
	Provides a monthly income for your loved ones should the worst happen.		Level and length of cover can be tailored to your specific needs.

Type of cover

Term of policy

. years

Level of cover

£ per year

Critical illness cover optional

Waiver of premium optional

yes
no

Index benefit (RPI) optional

yes
no

Title

Forname

Surname

Gender

male
female

Smoker status

smoker
non-smoker

Date of birth

. ddmmyyyy

Postcode

Telephone

Email address

Joint Policy - Add Partners Details

Title
Forname
Surname
Gender	male female
Smoker status	smoker non-smoker
Date of birth	. ddmmyyyy

Voucher code

Any information provided for this insurance quote will be treated as strictly private and
confidential under the Data Protection Act (1998)

If you are looking for insurance but are unsure of what you require then let us help, don't worry there is no fee for this service.

Complete your details and we can have a chat about your situation.

› life insurance advice

Quote Factors	Policy Options	back to top »
Do I need family income cover? What would be the financial impact on your family if you were to pass away? Would your partner have enough earnings to cover your outstanding financial obligations? If not, a family income protection policy guarantees to pay a monthly income to the end of the plan term, this could help protect your loved ones from financial hardship. Useful Resources Both the government and associations have produced guides and information on life insurance. The Financial Services Authority Site - Money Made Clear has a number of useful insurance resources. Whilst DirectGov has a useful section for consumers when looking to buy insurance. Include critical illness cover Adding a critical illness policy to your cover provides financial protection if you were to be diagnosed with a critical illness such as cancer or a heart attack. A critical illness policy provides financial protection for you and your loved ones if you were to suffer a life-changing illness. Adding critical illness cover to the plan will see a significant increase in the rates quoted. As critical illness cover provides additional protection paying out on diagnosis of a critical illness as an alternative to just paying out on death the insurer is bearing a much greater risk which is reflected in the rates of the quotes.	Personal Factors Age The older you are the more expensive the policy will be due to the increasing risk of dying with age. Being a smoker Due to the health risks associated with smoking, if you have smoked tobacco in the past 12 months the quotes will have inflated premiums to take account of the additional risk the insurer will bear. Cover Factors Single or joint life cover A single life plan is designed to cover an individual. A joint life policy is designed to cover two individuals and would be set-up on a first death basis. Please not if a joint plan is set-up on a first death basis it will pay out on the first event and terminate. Indexation - Retail Price Index (RPI) An additional option available which ensures your life cover increases with inflation throughout the life of the policy. For example £300,000 worth of cover today, will still be worth £300,000 in real terms at the end of your policy as the amount of cover will increase in line with the retail price index(RPI). Indexation option sees the the level of cover you require today increase inline with the retail price index(RPI) throughout the life of the policy. Including indexation will increase the the cost as your cover will rise over time in line with inflation.	Guaranteed or reviewable premiums Guaranteed premiums ensure your premiums remain fixed throughout the life of the plan. A policy with reviewable premiums will have a premium rate review every 2 to 5 years. As you would expect, at the outset the premium for a guaranteed rates policy is higher than a reviewable rates plan however over time guaranteed premiums tend to work out cheaper. Changing the level of cover The cost of your plan will increase as you increase the level of cover. Changing the term of the plan The cost of your plan will increase as you increase the level of cover. Adding waiver of premium Waiver of premium protects the payment of your policy premiums if you were to become disabled or seriously ill. Including waiver of premium option in your quote will increase the rates quoted as you are now also insuring the monthly premiums you pay.

		Insurance Guide
Mortgage Protection	Critical Illness Policy	Term Assurance
Income Protection Insurance	Permanent Health Insurance	Affordable Health Insurance

| News | Contact

Family Income Benefit